Hyderabad: State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), and ICICI Bank have announced changes in their banking system. These banking rules are regarding cheque payments, money transactions, fees applicable to various services, etc. SBI has hiked the limit on its Immediate Payment Service (IMPS) transactions. According to the bank, […]
The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.
The lender, in a notification, said it intends to sell these NPA accounts to asset reconstruction companies (ARCs) / banks / NBFCs or other financial institutions (FIs) on 100 per cent cash basis.
The lender said it is offering a waiver of 0.25 per cent in the existing applicable rates for Baroda Home Loans (under take over cases only) and Baroda Car Loans.
